102,481 Shares in Heartland Express, Inc. $HTLD Bought by Legal & General Group Plc

Legal & General Group Plc acquired a new position in Heartland Express, Inc. (NASDAQ:HTLD - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 102,481 shares of the transportation company's stock, valued at approximately $1,560,000. Legal & General Group Plc owned approximately 0.13% of Heartland Express as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of HTLD. Quarry LP acquired a new position in shares of Heartland Express during the 4th quarter worth $25,000. PNC Financial Services Group Inc. boosted its holdings in Heartland Express by 76.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,905 shares of the transportation company's stock worth $26,000 after buying an additional 1,261 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Heartland Express by 185.5% during the second quarter. Tower Research Capital LLC TRC now owns 4,673 shares of the transportation company's stock worth $40,000 after buying an additional 3,036 shares in the last quarter. BNP Paribas Financial Markets grew its position in Heartland Express by 51.3% during the third quarter. BNP Paribas Financial Markets now owns 11,549 shares of the transportation company's stock worth $97,000 after buying an additional 3,918 shares during the period. Finally, GAMMA Investing LLC grew its position in Heartland Express by 18.1% during the second quarter. GAMMA Investing LLC now owns 6,525 shares of the transportation company's stock worth $99,000 after buying an additional 999 shares during the period. Institutional investors and hedge funds own 53.45% of the company's stock.

Insider Activity at Heartland Express

In other Heartland Express news, Director David Millis sold 31,402 shares of the company's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $15.67, for a total value of $492,069.34. Following the transaction, the director directly owned 28,387 shares in the company, valued at approximately $444,824.29. This represents a 52.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 41.60% of the stock is currently owned by insiders.

Heartland Express Price Performance

HTLD stock opened at $12.44 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 1.58. The company's 50 day simple moving average is $13.50 and its 200-day simple moving average is $12.83. Heartland Express, Inc. has a 12 month low of $6.99 and a 12 month high of $16.64. The firm has a market capitalization of $961.99 million, a PE ratio of -44.43 and a beta of 1.33.

Heartland Express (NASDAQ:HTLD - Get Free Report) last posted its earnings results on Wednesday, August 5th. The transportation company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $152.38 million for the quarter, compared to analyst estimates of $185.08 million. Heartland Express had a negative return on equity of 0.92% and a negative net margin of 2.98%.Heartland Express's revenue was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) EPS. Equities analysts expect that Heartland Express, Inc. will post 0.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HTLD shares. JPMorgan Chase & Co. lifted their price target on shares of Heartland Express from $11.00 to $12.00 and gave the company an "underweight" rating in a research report on Friday, July 31st. Zacks Research raised Heartland Express from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 13th. Wall Street Zen raised Heartland Express from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Barclays decreased their target price on Heartland Express from $14.00 to $12.00 and set an "underweight" rating on the stock in a research report on Thursday, August 13th. Finally, UBS Group upped their target price on Heartland Express from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Heartland Express has an average rating of "Hold" and a consensus target price of $13.00.

Heartland Express Profile

Heartland Express, Inc NASDAQ: HTLD is a publicly traded truckload carrier headquartered in North Liberty, Iowa. The company specializes in full truckload transportation, offering dry-van services that connect shippers with customers across the continental United States. Its primary focus is on over-the-road freight movements, serving industries such as manufacturing, retail, and consumer goods.

Founded in 1978 as Heartland Motor Freight, the company has grown from a regional carrier into one of the larger U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source